๐ Tesla has pulled back ~32% from December highs, now testing a key demand zone.
With RSI in oversold territory and strong AI & EV expansion ahead, this could be a prime entry point!
๐ Trade Setup:
๐น Entry Price: $337 ( now )
โ Take Profit 1: $359.45 (Previous short-term bounce from demand zone)
โ Take Profit 2: $374.41 (Former support, now resistance)
โ Take Profit 3: $420.33 (Strong supply zone)
๐น RSI: Extremely oversold โ signaling a potential reversal
๐ Why Tesla?
๐ AI + EV + Robotics = Future Growth
Morgan Stanley Price Target: $430, Bull Case: $800
Benchmark Price Target: $475
Robotaxi service launch (Austin, June 2025) + Optimus humanoid robot scaling in 2026
Strong financials: $36.5B in cash supports aggressive expansion
๐ Key Level to Watch:
Support holds at $325? This setup could trigger a major upside move
If Tesla breaks above $359, momentum could accelerate toward $420+
๐ข Tesla is more than an EV companyโitโs an AI, robotics, and automation leader. With strong support & upcoming catalysts, this could be a prime accumulation zone!
With RSI in oversold territory and strong AI & EV expansion ahead, this could be a prime entry point!
๐ Trade Setup:
๐น Entry Price: $337 ( now )
โ Take Profit 1: $359.45 (Previous short-term bounce from demand zone)
โ Take Profit 2: $374.41 (Former support, now resistance)
โ Take Profit 3: $420.33 (Strong supply zone)
๐น RSI: Extremely oversold โ signaling a potential reversal
๐ Why Tesla?
๐ AI + EV + Robotics = Future Growth
Morgan Stanley Price Target: $430, Bull Case: $800
Benchmark Price Target: $475
Robotaxi service launch (Austin, June 2025) + Optimus humanoid robot scaling in 2026
Strong financials: $36.5B in cash supports aggressive expansion
๐ Key Level to Watch:
Support holds at $325? This setup could trigger a major upside move
If Tesla breaks above $359, momentum could accelerate toward $420+
๐ข Tesla is more than an EV companyโitโs an AI, robotics, and automation leader. With strong support & upcoming catalysts, this could be a prime accumulation zone!
Trade active
Take Profit 1 reached! Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.